GameStop Icon Roaring Kitty Purchases 6.6% of Chewy Shares, SEC Reports
Meme trader Keith Gill, popularly known for his role in the GameStop trading frenzy, has disclosed owning a 6.6% stake in Chewy, according to a recent filing with the United States Securities and Exchange Commission (SEC).
The SEC Schedule 13G filing, dated June 24, reveals that Gill, an individual investor, holds 9,001,000 shares of Chewy’s Class A common stock.
The holdings, worth $245.18 million based on Friday’s closing price of 27.24, make Gill the company’s third-largest shareholder.
Shares of Chewy popped in premarket trading on Monday after the filing, which reached a high of more than 20% at one point.
As of now, the company’s shares are up by more than 11% in premarket trading, according to data from MarketWatch.
Chewy is an online retailer specializing in pet food and other pet-related products.
It is worth noting that the SEC filing included a section that read: “Check the appropriate box to designate whether you are a cat.” There was an “x” next to a response that read: “I am not a cat.”
The line was also included in Gill’s statement in a series of congressional hearings about 2021′s GameStop trading mania.
In contrast, several other meme stocks experienced a decline in value on Monday.
GameStop (GME), the meme stock closely associated with Gill, registered a decrease of over 7% during Monday’s trading session.
Similarly, AMC Entertainment (AMC) saw a pre-market decline of 2.2% prior to the market opening.
Meanwhile, Gill is currently facing a class-action lawsuit related to his social media posts.
The lawsuit, filed on June 28 in the U.S. District Court for the Eastern District of New York, accuses Gill of engaging in a “pump and dump” scheme.
Last week, GameStop’s stock experienced a remarkable surge of over 90%
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